The global homeopathy product market to grow at a CAGR of 14.12% during the period 2017-2021.

Global Homeopathy Product Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Market estimates include retail sales of homeopathy products in the market for various application and treatment.

The latest trend gaining momentum in the market is Growing acceptance as a mainstream treatment option. The healthcare domain, which includes practices like allopathy, invasive treatments and alternative therapies such as homeopathy is expanding with the entry of new market players and the introduction of new treatment procedures. The advances in healthcare facilities are also supported by the growing demand from patients and their ability to increasingly spend on healthcare during various treatment phases. It contributes to the growth of the healthcare industry and its patient pool.

According to the report, one of the major drivers for this market is Acceptance of homeopathy as a holistic treatment. Homeopathy is considered as a holistic treatment that considers several aspects of a person's well-being. Before deciding on a line of treatment, doctors practicing homeopathy study the biological age and activity level of a patient, which helps them to decide on the duration and frequency of medication. The type and severity of the ailment also determines the potency and frequency of the medicine to be administered. In addition, the homeopathy practitioners take factors like temperament, social background, adaptiveness, and responsiveness into consideration while devising a treatment plan. According to the principle of homeopathy, these factors can either act as a catalyst or inhibit the impact of treatment on a patient.

Further, the report states that one of the major factors hindering the growth of this market is Prolonged treatment time and inherent limitations of homeopathy. Homeopathy cures healthcare issues through various orally consumed products and the topical use of liquids or ointments, but requires prolonged treatment and recovery time. For instance, rheumatoid arthritis can be cured using homeopathy medicines such as Natrum Muriaticum, Calcaria fluoride, Actea Spicata, and Rhus toxicodendron. But, the recovery time can extend from a few months to even years. As this is not a life threatening medical condition and does not require a surgical intervention for recovery, homeopathy can be successfully adopted as a prolonged treatment option, and a permanent cure from this medical condition can be expected. However, a homeopathy treatment is not advisable for a medical condition, which mandates an immediate surgical intervention to save a person's life.